Techno Inovation Marketing Enterprise Corporation

January 19, 2016SEC ADVISORYThe Securities and Exchange Commission has received complaints that TECHNO INOVATION MARKETING ENTERPRISE CORPORATION (also known as TIME CORPORATION) is engaged in illegal solicitation of investments by enticing the public to invest in its Dealership Program for a minimum amount of Two Thousand Five Hundred Pesos (P2,500.00) for a promise of 40% return/profit of One Thousand Pesos within a fifteen (15)-day period plus other commissions or rewards including direct referral fee of P100.00, a gift certificate worth P200.00 and a chance to become authorized dealer of mobile phone loads for all mobile/telecommunication networks. acEHCDBecause of the alleged promises of TIME CORPORATION, a group of investors were enticed to participate and numerous members were recruited to join the dealership program of said entity. Through its massive recruitment and solicitation, TIME CORPORATION has generated a large sum of investment. However, TIME CORPORATION has failed to give the profits it promised to its investors as well as the principal amount of investment.Per verification, TIME CORPORATION is not authorized to solicit investments from the public as...